Segment Information

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Segment Information

Segment Information:

Sterling's operations are divided into two primary business segments that represent its core businesses:

• Community Banking - providing traditional banking services through the retail banking, private banking and commercial banking groups, including the originating and servicing of commercial real estate, owner occupied CRE and C&I loans.

• Home Loan Division - originating and selling residential real estate loans through its mortgage banking operations, on both a servicing-retained and servicing-released basis.

The Other and Eliminations caption represents intercompany eliminations. In 2012, Sterling combined its Commercial Real Estate and Community Banking segments to improve how it made decisions and measured the segments' performance. Segment results for the comparable period presented have been restated to reflect current period presentation.

	As of and for the Three Months Ended September 30, 2012
	Community Banking		Home Loan Division		Other and Eliminations			Total
	(in thousands)
Interest income	$	87,930	$	8,061	$	0		$	95,991
Interest expense	17,649		0		3,034			20,683
Net interest income	70,281		8,061		(3,034		)	75,308
Provision for credit losses	1,980		20		0			2,000
Noninterest income	8,033		38,816		(151		)	46,698
Noninterest expense	61,552		31,784		(3,928		)	89,408
Income (loss) before income taxes	$	14,782	$	15,073	$	743		$	30,598
Total assets	$	9,466,908	$	4,633	$	896		$	9,472,437

	As of and for the Three Months Ended September 30, 2011
	Community Banking		Home Loan Division			Other and Eliminations			Total
	(in thousands)
Interest income	$	101,385	$	0		$	(6	)	$	101,379
Interest expense	26,519		26			(2		)	26,543
Net interest income	74,866		(26		)	(4		)	74,836
Provision for credit losses	6,000		0			0			6,000
Noninterest income	11,459		17,649			4			29,112
Noninterest expense	70,353		16,267			0			86,620
Income (loss) before income taxes	$	9,972	$	1,356		$	0		$	11,328
Total assets	$	9,154,384	$	21,490		$	0		$	9,175,874

	As of and for the Nine Months Ended September 30, 2012
	Community Banking		Home Loan Division		Other and Eliminations			Total
	(in thousands)
Interest income	$	275,351	$	19,595	$	0		$	294,946
Interest expense	61,383		0		4,992			66,375
Net interest income	213,968		19,595		(4,992		)	228,571
Provision for credit losses	9,980		20		0			10,000
Noninterest income	45,808		77,517		(299		)	123,026
Noninterest expense	202,455		66,548		(3,339		)	265,664
Income (loss) before income taxes	$	47,341	$	30,544	$	(1,952	)	$	75,933
Total assets	$	9,466,908	$	4,633	$	896		$	9,472,437

	As of and for the Nine Months Ended September 30, 2011
	Community Banking		Home Loan Division			Other and Eliminations			Total
	(in thousands)
Interest income	$	304,769	$	2,832		$	(638	)	$	306,963
Interest expense	82,672		1,001			(96		)	83,577
Net interest income	222,097		1,831			(542		)	223,386
Provision for credit losses	26,056		(56		)	0			26,000
Noninterest income	56,618		36,297			514			93,429
Noninterest expense	229,747		36,768			0			266,515
Income (loss) before income taxes	$	22,912	$	1,416		$	(28	)	$	24,300
Total assets	$	9,154,384	$	21,490		$	0		$	9,175,874